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e's one of the 100 richest people in the world and nobody knew, until now.
Richard Cohen (known as Rick) is worth $11.2 billion, according to Bloomberg Billionaires. Cohen is the chairman, CEO and sole owner of C&S Wholesale Grocers Inc. -- the world's largest grocery wholesaler. He's been living a quiet life in Keene, New Hampshire, where C&S is based. So quiet that even the Keene Chamber of Commerce overlooked C&S as one of the town's largest employers.
Related: Former World's 8th Richest Man Loses $34.5 Billion
Were the biggest company no one has ever heard of, company spokesman Bryan T. Granger told Bloomberg.
C&S was created in 1918 by Cohen's grandfather. At the time it was just a small brick warehouse with three employees that made grocery deliveries to stores around Worcester, Massachusetts. By the time Cohen's father Lester took over the company in 1955, C&S had moved to a 35,000 square foot warehouse. In the 1970's, "Rick" joined the business and the company moved to Brattleboro, Vermont -- sales skyrocketed, reaching $14 million in 1974. According to the C&S website, annual sales reached $1 billion by 1991.
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So where does an unassuming billionaire put up his feet at the end of the day? Miller says Cohen lives with his family in a modest Keene neighborhood -- though it is the most expensive home in town, valued at about $1.5 million.
Billionaire Revealed: The Biggest Company You?ve Never Heard Of | Daily Ticker - Yahoo! Finance
Richard Cohen (known as Rick) is worth $11.2 billion, according to Bloomberg Billionaires. Cohen is the chairman, CEO and sole owner of C&S Wholesale Grocers Inc. -- the world's largest grocery wholesaler. He's been living a quiet life in Keene, New Hampshire, where C&S is based. So quiet that even the Keene Chamber of Commerce overlooked C&S as one of the town's largest employers.
Related: Former World's 8th Richest Man Loses $34.5 Billion
Were the biggest company no one has ever heard of, company spokesman Bryan T. Granger told Bloomberg.
C&S was created in 1918 by Cohen's grandfather. At the time it was just a small brick warehouse with three employees that made grocery deliveries to stores around Worcester, Massachusetts. By the time Cohen's father Lester took over the company in 1955, C&S had moved to a 35,000 square foot warehouse. In the 1970's, "Rick" joined the business and the company moved to Brattleboro, Vermont -- sales skyrocketed, reaching $14 million in 1974. According to the C&S website, annual sales reached $1 billion by 1991.
..
So where does an unassuming billionaire put up his feet at the end of the day? Miller says Cohen lives with his family in a modest Keene neighborhood -- though it is the most expensive home in town, valued at about $1.5 million.
Billionaire Revealed: The Biggest Company You?ve Never Heard Of | Daily Ticker - Yahoo! Finance